Power Metal subsidiary Golden Metal has identified two further high-priority exploration targets on its flagship Pilot Mountain tungsten project in Nevada from an IP survey.
The two new undrilled exploration targets at ‘Porphyry South’ and ‘Good Hope West’, make it five high-priority targets at Pilot Mountain, said the statement.
Research house First Equity added the targets underlined the “massive potential” to improve the size of what is already a sizeable deposit at Pilot Mountain.
The deposit has an existing Mineral Resource Estimate (MRE) of 12.53mt at 0.27% tungsten trioxide, with 34,290 tonnes of contained tungsten, along with significant silver, copper and zinc credits.
Golden Metal added it is actively pursuing non-dilutive grant funding to assist with exploration and development at Pilot Mountain.